AIRSHOW-Ethiopian Airlines in jet deals with Boeing, Airbus, Bombardier


Reuters

(Adds orders from Boeing, Bombardier)
    By Aaron MaashoADDIS ABABA, June 20 (Reuters) - Ethiopian Airlines has
placed an order for 10 Airbus A350-900 <AIR.PA> passenger jets,
it said on Tuesday, in addition to at least another 10 it
already has on order.
    Separately, Boeing <BA.N> and Bombardier <BBDb.TO> said the
airline had also ordered aircraft from them.
    The A350-900s will be deployed on Ethiopian's long haul
routes connecting Addis Ababa with destinations in Africa,
Europe, the Middle East and Asia, Chief Executive Tewolde
GebreMariam said in a statement.
    The state-owned carrier is ranked the largest in Africa by
revenue and profit by the International Air Transport
Association (IATA), the global industry body.
    Boeing said Ethiopian had signed a commitment to buy two 777
freighters in an order valued at $651.4 million at list
prices.[nFWN1JH0MD]
    It added the airline had also ordered another 10 737 MAX 8
planes, exercising options from a 2014 order, bringing
Ethiopian's total orders for 737 MAX 8s to 30.
    Bombardier, meanwhile, said Ethiopian had signed a purchase
agreement for an additional five of its Q400 turboprop
aircraft.[nFWN1JH0KJ]
    In February, Tewolde told Reuters that Ethiopian's revenue
rose 10.3 percent to 54.5 billion birr ($2.43 billion) in the
2015/16 fiscal year, while passenger numbers climbed 18 percent
to 7.6 million. Net profit was up 70 percent at 6 billion birr.
    Ethiopian wants to increase revenue to $10 billion by 2025
and expand its fleet to 140 aircraft from less than 90 now, with
sights set on Asia.

 (Reporting by Aaron Maasho; Writing by George Obulutsa; Editing
by Mark Potter)
 ((george.obulutsa@thomsonreuters.com; Tel: +254 20 499 1232;
Reuters Messaging:
george.obulutsa.thomsonreuters.com@reuters.net))

Keywords: ETHIOPIA AIRLINES/ORDERS (UPDATE 2)



This article appears in: Stocks , World Markets
Referenced Symbols: AIR , BA


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